DTE Energy (NYSE:DTE) Given New $148.00 Price Target at BMO Capital Markets

DTE Energy (NYSE:DTE) had its target price cut by BMO Capital Markets from $152.00 to $148.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a market perform rating on the utilities provider’s stock.

Other equities research analysts have also recently issued reports about the stock. TD Cowen began coverage on shares of DTE Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $166.00 target price on the stock. Jefferies Financial Group set a $172.00 price target on DTE Energy in a research report on Thursday, July 9th. Wells Fargo & Company restated an “overweight” rating and issued a $165.00 price objective on shares of DTE Energy in a research note on Monday, June 15th. Weiss Ratings cut DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. raised their price objective on DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and an average price target of $158.38.

DTE Energy Stock Performance

Shares of DTE stock opened at $148.44 on Wednesday. The company’s fifty day simple moving average is $147.25 and its 200-day simple moving average is $144.10. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The firm has a market cap of $30.88 billion, a PE ratio of 24.46, a P/E/G ratio of 3.17 and a beta of 0.38. DTE Energy has a 12 month low of $126.23 and a 12 month high of $155.74.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period last year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities research analysts expect that DTE Energy will post 7.71 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, September 21st. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

Insiders Place Their Bets

In other news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president directly owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This represents a 13.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DTE Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of DTE Energy by 58.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock valued at $8,525,000 after buying an additional 24,071 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of DTE Energy by 44.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 188,845 shares of the utilities provider’s stock worth $24,618,000 after acquiring an additional 57,698 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of DTE Energy in the 1st quarter worth about $1,550,000. SG Americas Securities LLC raised its holdings in shares of DTE Energy by 5,458.5% in the 4th quarter. SG Americas Securities LLC now owns 306,386 shares of the utilities provider’s stock worth $39,518,000 after acquiring an additional 300,874 shares during the last quarter. Finally, Aberdeen Group plc lifted its position in DTE Energy by 12.8% in the 4th quarter. Aberdeen Group plc now owns 105,436 shares of the utilities provider’s stock valued at $13,599,000 after acquiring an additional 11,972 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Company Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.